Management of Arctic Field Development Based on a Multi-Criteria Approach

The article provides recommendations for improving the methodological basis for the selection of priority projects for the development of Arctic shelf deposits. The emphasis is on the use of a multi-criteria approach at the stage of selection of the most effective projects, which will directly lead to a faster strengthening of positions in the world market of companies implementing these projects. It will also ensure that oil companies achieve their strategic goals and increase their production capacity. The authors propose to use the technology of program-target planning to increase the efficiency of the production potential of oil companies due to the optimal sequence of commissioning of Arctic fields. Complementing and developing the existing methodological framework for a comprehensive, systematic assessment of Arctic shelf deposits, the authors propose a basic version of the system of evaluation indicators. When reducing the procedure for selecting priority deposits to a multi-criteria problem, the authors conduct approbation calculations using two methods for obtaining an integral evaluation indicator: the first is the methods by V. Pluta and the second one is the additive convolution of criteria. The work also focuses on the study and consideration of risks associated with Arctic shelf deposits. The Conclusions and the results can be interesting for representatives of the oil business, as well as researchers studying the scientific and methodological foundations of planning and development of the production potential of oil and gas companies. Keywords—oil and gas complex, Arctic deposits, field development, risks, multi-criteria approach, Arctic shelf.